When it comes to business insurance, pets are the number one concern. Insurers will often require an annual maximum for your insurance policy, and the higher this limit is, the more your insurance will cost per month. The amount of coverage per year will also depend on the amount of deductible you choose. Generally, deductibles are $100, $200, or $300 per condition. The higher the deductible, the lower your insurance payment will be each month.
Your liability insurance policy will cover the costs of liabilities that may arise from the business’s operations. General liability insurance protects your business from claims of property damage, advertising, and personal injury. The amount of coverage depends on your particular business and the limits that you need. Most business owners choose a Business Owners Policy that contains a combination of the following coverage types:
The cost of general liability insurance for a pet care business varies based on several factors, including the type of work you do. Insureon agents recommend a business owner’s policy, which combines general liability insurance with commercial property insurance at a lower cost than purchasing the policies separately. The cost of this policy for a typical pet care business ranges from $400 per year to $1,200 per year, although your premium will depend on the type of business you run and the level of risk you want to protect.
The cost of insurance for a pet care business depends on the type of policy you choose. The most popular insurance plans are major medical insurance plans, which typically cost the most up-front costs, but cover 90 percent of approved vet bills. If you have multiple animals and want to reduce your cost, you should consider a multi-pet plan. There are numerous types of pet insurance policies available. You should research different companies and choose one that fits your business best.